Single-Family

11141 S Eggleston Ave,

Chicago, IL 60628

Status: Inactive
Listing ID: 37294036

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Property Information

  • lien_holder_1: CHICAGO CITY (IL) 1008135150 1000
  • lien_holder_2: MIDLAND FUNDING LLC 1013235129 3157
  • Sale Type: FORECLOSURE
  • Parcel Number: 25 21 107 019 0000
  • Property Type: Single Family Dwelling
  • Plaintiff: GREEN TREE SERVICING LLC
  • Owner First Name: NAHREISHA N
  • Owner Last Name: TATE
  • Case Number: 12CH0041360
  • Recording Date: 11-14-2012
  • Judgment Date: 07-01-2012
  • Judgment Value: $90,352
  • Input Date: 11-19-2012
  • Attorney Firm Address: 230 W MONROE ST STE 1125
  • Attorney Firm City: CHICAGO
  • Attorney Firm Phone: (312) 541-9710
  • Attorney Law Firm: JOHNSON BLUMBERG & ASSOCIATES LLC
  • Attorney Firm State: IL
  • Attorney Firm Zip: 60606
  • Deed Category: NOD
  • Document Number: 0804531030

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Preforeclosure

Often, the preforeclosure period is the best time to purchase a property. The process begins when a lender first notifies a borrower that his or her loan payments are behind. If a borrower has no other means to bring the payments up to date, he or she is far better served to sell the property as soon as possible before it falls into foreclosure.

First Steps to Buying a Preforeclosure

Preforeclosure status means the owner of the property has defaulted on his mortgage obligation and the lender is taking steps to foreclose on the loan and take possession of the property. This situation places the property owner and the lender in a disadvantaged position. But it may not be too late for the property owner to work things out with his lender.  At the same time the lender may be interested in allowing a short sale (sale of the property for less than the amount owed) just to avoid the costly process of foreclosure on the loan, and then the expense of marketing the property. That leaves open the opportunity for a real estate investor to come in and solve the problem for both parties.

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    Loan Information

  • 1st Mortgage Date: 01-29-2008
  • 1st Mortgage Amount: $96,600
  • Mortgage Interest Rate: 850
  • Mortgage Term: 30
  • Mortgage Type: CONVENTIONAL

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S Eggleston Ave
Chicago, IL 60628

Single-Family

 

Status: Inactive Listing ID: 37294036

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Property Description

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Listing URL

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